Loan & Debt28 Sept 2026, 05:10 pm
GIC Housing Finance allots ₹100 Cr NCDs at 8.15% via private placement
AI Summary
GIC Housing Finance Ltd. has approved the allotment of 10,000 Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1,00,000, aggregating to a total of ₹100 crores. The allotment, made on September 28, 2026, was conducted through the Electronic Book Provider (EBP) platform of BSE. These NCDs carry a fixed interest rate of 8.15% per annum and were allotted to KIRI Industries Limited. The debentures are proposed to be listed on BSE Limited.
Key Highlights
- GIC Housing Finance raised ₹100 crores.
- Allotment was via private placement of NCDs.
- NCDs carry a fixed interest rate of 8.15% p.a.
- The debentures are proposed to be listed on BSE.
- Funds were raised from KIRI Industries Limited.
Price Impact
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